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Canopy Growth Corp (WEED.TO)

WEED.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Canopy Growth Corp Says Implementing Initiatives To Capture $150-$200 Million Of Savings Across Our Cost Structure
Monday, 9 Nov 2020 

Nov 9 (Reuters) - Canopy Growth Corp ::IMPLEMENTING INITIATIVES TO CAPTURE $150-$200 MILLION OF SAVINGS ACROSS OUR COST STRUCTURE.QTRLY NET REVENUE OF $135 MILLION, UP 77% VERSUS Q2 2020.QTRLY RECREATIONAL CANADIAN CANNABIS B2B NET SALES INCREASED BY 2% FROM Q2 2020, ADJUSTING FOR A $32.7 MILLION CHARGE IN Q2 2020.CANOPY GROWTH - BIOSTEEL EXPECTS TO HAVE PRODUCTS ON SHELF ACROSS FOOD/DRUG/MASS, CONVENIENCE & GAS CHANNEL OVER COURSE OF CALENDAR YEAR 2021.QTRLY LOSS PER SHARE C$0.09.END-TO-END REVIEW IDENTIFIED COST SAVINGS OPPORTUNITIES ACROSS COST OF GOODS SOLD, GENERAL & ADMINISTRATIVE EXPENSES, INVENTORY.CANOPY GROWTH - QUARTER SAW RISE IN CANADIAN RECREATIONAL REVENUE, CONTINUED STRENGTH IN S&B" VAPORIZER SALES, THISWORKS, CONTRIBUTION FROM BIOSTEEL.Q2 EARNINGS PER SHARE VIEW C$-0.36, REVENUE VIEW C$116.5 MILLION -- REFINITIV IBES DATA.ALL FIGURES IN C$.  Full Article

Cure Pharmaceutical- Filed A Demand To Commence Arbitration With American Arbitration Association Against Canopy Growth Corp
Thursday, 22 Oct 2020 

Oct 22 (Reuters) - Cure Pharmaceutical Holding Corp ::CURE PHARMACEUTICAL - ON OCT 21, FILED A DEMAND TO COMMENCE ARBITRATION WITH AMERICAN ARBITRATION ASSOCIATION AGAINST CANOPY GROWTH CORP.CURE PHARMACEUTICAL - ARBITRATION FILED DUE TO CANOPY'S FAILURE TO PERFORM UNDER LICENSE AGREEMENT, DATED SEPT 4, 2018.CURE PHARMACEUTICAL - SEEKING DAMAGES IN EXCESS OF $1 MILLION.  Full Article

Canopy Growth Reports Qtrly Net Revenue Of $110 Million
Monday, 10 Aug 2020 

Aug 10 (Reuters) - Canopy Growth Corp ::QTRLY NET REVENUE OF $110 MILLION INCREASES 22% OVER Q1 FY20.QTRLY BASIC AND DILUTED LOSS PER SHARE C$0.30.Q1 EARNINGS PER SHARE VIEW C$-0.44, REVENUE VIEW C$93.5 MILLION -- REFINITIV IBES DATA.TO DATE, THERE HAS BEEN MINIMAL DISRUPTION TO PRODUCTION AND SUPPLY CHAIN DUE TO COVID-19.ALL OF CO'S 22 CORPORATE-OWNED RETAIL STORES HAVE RE-OPENED AND CO'S LIQUIDITY POSITION REMAINS STRONG.  Full Article

Canopy Growth- Announced Launch Of Its New U.S. E-Commerce Website Shopcanopy.Com
Monday, 27 Jul 2020 

July 27 (Reuters) - Canopy Growth Corp ::CANOPY GROWTH CORP - ANNOUNCED LAUNCH OF ITS NEW U.S. E-COMMERCE WEBSITE: SHOPCANOPY.COM.  Full Article

Canopy Growth Sees Modest Sequential Jump in Q4 Revenue
Friday, 14 Feb 2020 

Feb 14 (Reuters) - Canopy Growth Corp ::CEO DAVID KLEIN SAYS WILL DETAIL PATH FORWARD DURING FOURTH QUARTER CALL AFTER COMPLETING HIS ASSESSMENT - CONFERENCE CALL.CEO DAVID KLEIN SAYS PRIORITIES INCLUDE BRINGING "MORE FOCUS AND DISCIPLINE" TO CO; NEED TO FOCUS ON SPECIFIC MARKETS AND PRODUCT LINES.CEO DAVID KLEIN SAYS PRIORITIES INCLUDE ALIGNING RESOURCES WITH SIZE AND GROWTH WITH MARKET AS IT EXISTS TODAY.CEO DAVID KLEIN SAYS THOROUGH STRATEGIC REVIEW OF FOOTPRINT IS UNDERWAY.CEO DAVID KLEIN SAYS NEED TO MOVE FASTER AND MAKE BOLDER MOVES IN THE U.S..CEO DAVID KLEIN ON CANNABIS BEVERAGES SAYS WILL TAKE "NEXT FEW MONTHS" TO GET IT RIGHT.SEES OVERALL REVENUE TO BE UP MODESTLY IN Q4 VERSUS Q3 - CONF CALL.EXPECT ISOLATED LOWER PRICING ACTIONS BY RIVALS TO CONTINUE IN Q4.COMMITTED TO DELIVERING 40% GROSS MARGINS IN SHORT-TERM.DELAYS IN VAPE AND BEVERAGES COULD BE SHORT-TERM HEADWINDS TO GROSS MARGINS.IN FISCAL 2021, EXPECT SHARE BASED COMPENSATION TO BE 30-40% LOWER.EXPECT SHARE BASED COMPENSATION TO NORMALIZE BETWEEN C$125 MILLION TO C$150 PER YEAR GOING FORWARD.CEO SAYS WE ARE NOT GOING TO RUN OUT OF CASH, HAVE A LOT OF LEVERS TO PULL IN THAT REGARDS.CEO SAYS WILL PULL BACK ON M&A ACTIVITY.CEO SAYS DON'T SEE INCREMENTAL CAPITAL REQUIRED IN THE U.S..CEO SAYS WHOLESALE NOT A FOCUS AT THIS TIME BUT AN OPTION THAT CONTINUES TO EXIST.CFO SAYS WOULD NOT MODEL THAT Q3 WAS PEAK INVENTORY BUT INCREASE SHOULD NOT BE BIG IN Q4.  Full Article

Canopy Growth Appoints Judy Schmeling As Chair Of Board Of Directors
Wednesday, 22 Jan 2020 

Jan 22 (Reuters) - Canopy Growth Corp ::JUDY SCHMELING APPOINTED AS CHAIR OF THE CANOPY GROWTH BOARD OF DIRECTORS AND JIM SABIA APPOINTED TO THE BOARD.CANOPY GROWTH CORP - SCHMELING CURRENTLY SERVES ON BOARD OF DIRECTORS OF CONSTELLATION BRANDS.CANOPY GROWTH CORP - SABIA CURRENTLY SERVES AS EVP AND CHIEF MARKETING OFFICER, CONSTELLATION BRANDS.  Full Article

Pinchme.Com Says Signed Up Canopy Growth As Its First Cannabis Market Client
Wednesday, 15 Jan 2020 

Jan 15 (Reuters) - Pinchme.Com Inc ::SIGNED UP FIRST CANNABIS MARKET CLIENT, CANOPY GROWTH.UNDER AGREEMENT CANOPY GROWTH WILL BE UTILISING PINCHME PLATFORM TO SUPPORT ITS FIRST HEMP-DERIVED CBD LAUNCH IN US MARKET.  Full Article

Auscann Group Says Canopy Growth Sold Its 13.2% Interest In Co
Monday, 14 Oct 2019 

Oct 14 (Reuters) - Auscann Group Holdings Ltd ::CANOPY GROWTH CORP HAS SOLD ITS 13.2% INTEREST IN AUSCANN.MERCHANT FUNDS MANAGEMENT ACQUIRED MAJORITY OF INTEREST SOLD BY CANOPY.  Full Article

Canopy Growth Announces Purchase Of Majority Stake In Biosteel Sports Nutrition Inc
Wednesday, 2 Oct 2019 

Oct 2 (Reuters) - Canopy Growth Corp ::CANOPY GROWTH ANNOUNCES PURCHASE OF MAJORITY STAKE IN BIOSTEEL SPORTS NUTRITION INC.CANOPY GROWTH CORP - COMPLETED AN ALL-CASH TRANSACTION TO PURCHASE A MAJORITY STAKE IN BIOSTEEL SPORTS NUTRITION INC.CANOPY GROWTH CORP - TRANSACTION GIVES CO A 72% STAKE IN BIOSTEEL WITH AN AGREED UPON PATH TO 100% OWNERSHIP.  Full Article

Constellation Brands Recognizes Equity In Losses & Related Activities From Investment In Canopy Growth
Monday, 26 Aug 2019 

Aug 26 (Reuters) - Constellation Brands Inc ::CONSTELLATION BRANDS - EQUITY IN LOSSES & RELATED ACTIVITIES OF CANOPY OF $75.5 MILLION TO BE RECOGNIZED FOR 3 MONTHS ENDED AUG 31.CONSTELLATION BRANDS - RECOGNIZES EQUITY IN EARNINGS (LOSSES) FROM EQUITY METHOD INVESTMENT IN CANOPY GROWTH CORPORATION ON A TWO-MONTH LAG.CONSTELLATION BRANDS INC - EQUITY IN LOSSES - COMPARABLE BASIS (NON-GAAP) FOR CANOPY OF $54.8 MILLION WILL BE RECOGNIZED FOR THREE MONTHS ENDED AUGUST 31.  Full Article

UPDATE 3-Canopy Growth expects to turn profitable next fiscal year; shares jump

Nov 9 Canopy Growth Corp's chief David Klein expects the world's largest pot producer to become profitable in fiscal 2022, after years of booking massive losses, pushing its shares to their highest in over a year.